Invitation Homes Inc (NYSE:INVH) declared a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Tuesday, February 13th will be paid a dividend of 0.11 per share on Wednesday, February 28th. This represents a $0.44 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Monday, February 12th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08.
Invitation Homes (INVH) opened at $21.00 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 0.84. Invitation Homes has a 12-month low of $20.25 and a 12-month high of $24.30.
In related news, Director John Bartling sold 188,850 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total value of $4,364,323.50. Following the completion of the sale, the director now directly owns 482,665 shares of the company’s stock, valued at approximately $11,154,388.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of equities analysts have recently weighed in on the company. B. Riley set a $26.00 target price on Invitation Homes and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Mizuho assumed coverage on Invitation Homes in a research report on Thursday, December 14th. They set a “buy” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Invitation Homes in a research report on Tuesday, December 12th. They set an “overweight” rating on the stock. Citigroup assumed coverage on Invitation Homes in a research report on Friday, December 8th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research report on Wednesday, November 29th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $25.06.
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About Invitation Homes
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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